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Fujitsu to Double Semiconductor Spending

Updated Feb. 9, 2005 12:01 a.m. ET

Fujitsu Ltd. plans to nearly double its capital expenditure for semiconductor-related operations next fiscal year, with much of the extra spending earmarked to bolster its large scale integrated circuit business, an executive at the Japanese electronics firm said. "We will have to consider investing close to 90 billion yen [or $858.9 million] in fiscal 2005," said Toshihiko Ono, an executive vice president at Fujitsu. The company previously earmarked 50 billion yen for this fiscal year, beginning in April. By boosting capital spending, Fujitsu aims to strengthen its business of manufacturing logic LSI chips...